Escorts Kubota’s arm to commence business activities of non-banking financial institution

Ace News

25th Nov 2024

Escorts Kubota’s wholly owned subsidiary -- Escorts Kubota Finance is planning to commence its business activities of non-banking financial institution without accepting public deposits from November 26, 2024.

Earlier, Escorts Kubota’s Agri Machinery Business Division in October 2024 sold 18,110 tractors, registering a growth of 19.8% as against 15,113 tractors sold in October 2023. During the month of October, the industry experienced a notable increase in demand due to concentration of various festivals and auspicious days in a single month, leading to record sales levels.

Escorts Kubota is one of India's leading engineering conglomerates with over six decades of experience. It has helped accelerate India’s socio-economic development through its presence across the high growth sectors of Agri-machinery, construction & material handling equipment and railway equipment.